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General tax credit (arbeidskorting) to increase in 2021

This information is provided by

Netherlands Enterprise Agency, RVO

Effective date: 2021

What changes?

Do you as an entrepreneur pay income tax? You can benefit from levy reductions (heffingskortingen). If you make use of a levy reduction, you pay less in taxes. The general tax credit (arbeidskorting) is one of these levy reductions. The general tax credit was meant to be raised in 2022. This increase will be applied a year earlier and will be added to a planned raise in 2021.

The amount of general tax credit you will receive depends on your income.

For whom?

  • entrepreneurs who are sole proprietors, general partnerships (vof), professional partnerships (maatschap) or limited partnerships (cv)
  • entrepreneurs liable for income tax

When?

This measure will come into force in 2021.

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Questions relating to this article?

Please contact the Netherlands Enterprise Agency, RVO

This information is provided by

Netherlands Enterprise Agency, RVO